ication.com/et/map/index.html?_con-coternal browseranchehet Frewconnect.education.com%252 Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system for specific identification, ending inventory consists of 228 units, where 180 are from the January 30 purchase. 5 are from the January 20 purchase, and 43 are from beginning inventory Date Activities an. 1 Beginning inventory Jan 10 Sales 3.2 Purchase Jan. 25 Sales Purchase Totals is tout Uitsteil 154 units 56.00 5934 06wits 515.00 wits. 55.00 720 its 515.00 13.1041 its Required 1. Compute grous profit for the month of January for Laker Company for the four inventory methods 2. Which method yields the highest gross profit 3. Does gross profit using weighted average for between that using FIFO and UFO 4.1 costs were rising instead of falling, which method would yield the highest gross protit? Complete this question by entering your answers in the tabs below. Net Compute gross profit for the month of January for Lake Company for the four inventory methods. Round cost per un to 2 LAKER COMPANY For the day Specific UO IH o cation.com/ext/map/indechtml?con condemnal browserMinchudai 253A%252F%252Fnewconnect mbeduca Saved Laker Company reported the following January purchases and sales data for its only product. The Company uses a periodic inventory system. For specific identification, ending inventory consists of 228 units, where 180 are from the January 30 purchase. 5 are from the January 20 purchase, and 43 are from beginning inventory units cured at cost 154 units $6.00 -5934 Units old at Hall Date activities Jan. 1 Beginning inventory Jan. 10 sales Jan. 20 Purchase 25 Sales Jan. 30 Purchase Totals 74 its 55.00 270 86 units $15.00 14 unitse $15.00 180 units 34.50 - 400 units 12.104188 units Required: 1. Compute gross profit for the month of January for Laker Company for the four inventory methods 2. Which method yields the highest gross profit? 3. Does gross profit using weighted average fall between that using RFO and LIFO? 4. If costs were rising instead of fing, which method would yield the highest gross profit? Complete this question by entering your answers in the tabs below. Men 24 2. Which method yields the Nighest gross profit? 3. Does gross profit wing wented average fall between that using FIFO and LIFO? 4. It costs were ting Inad of filing, which method would yield the highest gross profit? Os grous grow to get than that using FIFO UFO